Thursday's News Links

[Yahoo/Bloomberg] US Stocks Drop as High Yields Sour Mood: Markets Wrap

[Yahoo/Bloomberg] Yen Rebounds After Weakening to Level of Suspected Intervention

[Yahoo/Bloomberg] Traders Are Bracing for a Record-Smashing Summer That Will Shake Up Commodities

[Reuters] Dollar ascendant as surging US yields spur demand for safe havens

[Yahoo/Bloomberg] Oil Steadies as Traders Look to OPEC+ Meeting, US Inventories

[AP] The number of Americans applying for jobless benefits inches up, but layoffs remain low

[Dow Jones] GDP shows U.S. economy grew just 1.3% in the first quarter as consumer spending slowed

[Reuters] Morning Bid: Agitated markets wary of June heat

[Reuters] Biggest month of bond supply to test markets as rate cut bets fade

[Yahoo/Bloomberg] US banks have a commercial property blind spot risk, study warns

[Reuters] Suffering drought, heat, blackouts, Mexicans head to the polls

[Reuters] China's military says Taiwan drills met goals but it is ready for further action

[Yahoo/Bloomberg] China Vanke in Advanced Talks With Banks for $6.9 Billion Loan

[Reuters] Fourteen Hong Kong democrats found guilty in landmark subversion trial

[Yahoo/Bloomberg] Extreme Heat Helps Push India’s Power Demand to New Record

[Bloomberg] Dudley: The Fed Thinks It’s Fighting Inflation. Think Again.

[WSJ] This Record Stock Market Is Riding on Questionable AI Assumptions

[WSJ] The Rise in Consumers’ Late Debt Payments Is Slowing Down

[WSJ] Eurozone Unemployment Hits Record Low

[FT] US slows plans to retire coal plants as power demand from AI surges

[FT] Can US offices collapse without breaking something important?

[FT] Pressure mounts on Beijing to allow renminbi to weaken

[FT] Exodus of US law firms from Shanghai accelerates

[FT] Europe may soon discover the limits of decoupling on rates

[FT] The fading Fed reign of economics PhDs

Wednesday Evening Links

[Reuters] Wall Street ends lower amid rate concerns, higher bond yields

[Yahoo/Bloomberg] Oil Sinks as Weak Treasury Auction Creates Risk-Off Sentiment

[Yahoo/Bloomberg] Revived Hike Chatter Fuels Higher-for-Longer Options Wagers

[Reuters] US firms grow more pessimistic on economic outlook, Fed survey shows

[NYT] Home Insurance Is Clobbering Consumers. Yet It’s Barely Counted in Inflation.

[WSJ] Blinken Signals U.S. May Allow Ukraine to Strike Inside Russia With American Weapons

Wednesday Afternoon Links

[Reuters] Wall St slides as rate worries push bond yields higher

[Yahoo/Bloomberg] Oil Fluctuates as Traders Seek Direction Ahead of OPEC+ Talks

[Yahoo/Bloomberg] After 24 S&P 500 Records, Options Traders Running Low on FOMO

[Yahoo/Bloomberg] Dimon Says ‘There Could Be Hell to Pay’ If Private Credit Sours

[Yahoo/Bloomberg] US Banks’ Paper Losses on Some Securities Increased, FDIC Says

[Yahoo Finance] Beth Hammack, ex-Goldman exec, named next Cleveland Fed president

[Reuters] Israel says Gaza war likely to last another seven months as tanks probe Rafah

[Newsweek] Is China Stockpiling Resources to Prepare for War?

[Reuters] Iran's Khamenei seeks trusted hardliner to replace Raisi in June vote